null
US
Sign In
Sign Up for Free
Sign Up
We have detected that Javascript is not enabled in your browser. The dynamic nature of our site means that Javascript must be enabled to function properly. Please read our
terms and conditions
for more information.
Next up
Copy and Edit
You need to log in to complete this action!
Register for Free
38101983
Multiple state models
Description
Mind Map on Multiple state models, created by Dharma Valencia on 31/10/2022.
Mind Map by
Dharma Valencia
, updated more than 1 year ago
More
Less
Created by
Dharma Valencia
over 1 year ago
2
0
1
Resource summary
Multiple state models
Useful as models for different types of life insurance policies.
More complicated forms of insurance require more complicated models.
These models consist of a finite set of states with arrows indicating possible movements between some, but not necessarily all, pairs of states.
It is the benefits provided by the insurance policy which determine the nature of the appropriate model.
Examples
Stochastic process
discret time
continuos time
Collection of random variables indexed by a continuous time variable.
Media attachments
Imagen4 (binary/octet-stream)
Imagen5 (binary/octet-stream)
Imagen6 (binary/octet-stream)
Show full summary
Hide full summary
Want to create your own
Mind Maps
for
free
with GoConqr?
Learn more
.
Similar
Organic Chemistry
Ella Wolf
Weimar Revision
Tom Mitchell
English Language
livbennett
Cognitive Psychology - Loftus and Palmer (1974)
Robyn Chamberlain
CITAÇÕES DE GRANDES FILÓSOFOS
miminoma
History - Medicine through Time
Alice Love
GCSE AQA Biology - Unit 2
James Jolliffe
ExamTime Quick Guide to Getting Started
Andrea Leyden
Cell Transport
Elena Cade
“In gaining knowledge, each area of knowledge uses a network of ways of knowing.” Discuss this statement with reference to two areas of knowledge
Julianapabab
7 Elements of Good Design
Micheal Heffernan
Browse Library